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What is the duration of a bond that pays 10% annually in coupon, has exactly three years left to maturity when the yield to maturity
What is the duration of a bond that pays 10% annually in coupon, has exactly three years left to maturity when the yield to maturity is 15%. Assume that the bond repays $1,000 when it matures. 2.5937 2.7183 2.6589 2.7423
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